Insurance Journal

JANUARY 27, 2025

Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp. Mangrove, with offices in Tallahassee, will be the 10th new insurer …

Property Insurance 292

Property Insurance Insurance Carrier Insurer Insurance 292

Property Insurance Coverage Law

FEBRUARY 20, 2025

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay?

Compensation 197

Compensation Property Insurance Insurer Insurance 197

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder 233

Policyholder Risk Property Insurance Insurance Companies 233

Property Insurance Coverage Law

APRIL 5, 2025

A recent public records request byTampa Bay Timesreporter Lawrence Mower has uncovered a revealing memo from Floridas Office of Insurance Regulation (OIR) that could mark a major turning point in how the state handles insurance regulation.

Property Insurance 177

Property Insurance Insurer Insurance Insured 177

Insurance Journal

SEPTEMBER 11, 2024

An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The Case …

Property Insurance 290

Property Insurance Premium Insurer Insurance 290

Property Insurance Coverage Law

FEBRUARY 20, 2025

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay?

Compensation 184

Compensation Property Insurance Insurer Insurance 184

Property Insurance Coverage Law

APRIL 21, 2025

A recent conversation on LinkedIn has sparked serious questions about the objectivity of engineering reports used by insurance companies. The statement … The post What If Every Insurance Company Engineer Report Suggests a Denied Claim? Were About to Find Out appeared first on Property Insurance Coverage Law Blog.

Insurance Companies 200

Insurance Companies Claim Property Insurance Insurer 200

Insurance Journal

AUGUST 13, 2024

James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …

Property Insurance 317

Property Insurance Casualty Insurance Insurer Insurance 317

Insurance Journal

APRIL 15, 2025

American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Group, founded in 2006, …

Insurance Carrier 165

Insurance Carrier Property Insurance Insurer Insurance 165

Insurance Journal

FEBRUARY 23, 2025

As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …

Insurance Carrier 290

Insurance Carrier Insurer Insurance Insured 290

Property Insurance Coverage Law

MARCH 15, 2025

Floridas homeowners have been paying ever-increasing insurance premiums, but where has all that money been going? A secret state report, which regulators conveniently left unfinished and never shared with lawmakers, might have held the answer.

Premium 189

Premium Property Insurance Insurer Insurance 189

Insurance Journal

APRIL 7, 2025

Florida’s insurance commissioner on Monday announced another entry into the warming waters of the Florida property-casualty market the 12th new insurer in the last two years. Apex Star Reciprocal Exchange is part of Starlight Insurance Group, based in New …

Property Insurance 296

Property Insurance Insurer Insurance Insured 296

Insurance Journal

DECEMBER 6, 2024

China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and …

Property Insurance 246

Property Insurance Insurance Industry Insurer Insurance 246

Insurance Journal

JANUARY 23, 2025

Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative …

Property Insurance 264

Property Insurance Insurer Insurance Insured 264

Insurance Journal

FEBRUARY 9, 2025

Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half. After an unusually …

Property Insurance 252

Property Insurance Insurer Insurance Insured 252

Property Insurance Coverage Law

FEBRUARY 22, 2025

How do insurance claims work when your home has already been damaged once? A recent Florida Office of Insurance Regulation (OIR) Bulletin clarifies how insurers must handle claims for multiple hurricanes. But what happens when two hurricanes strike in the same season?

Policyholder 167

Policyholder Property Insurance Damage Insurance Claim 167

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder 193

Policyholder Risk Property Insurance Insurance Companies 193

Property Insurance Coverage Law

FEBRUARY 24, 2025

1 Insuring property for unmarried couples is not so easy in many states. A recent Michigan case found that the unmarried woman did not qualify as an insured under a … The post Insuring Unmarried CouplesIs There Coverage? appeared first on Property Insurance Coverage Law Blog.

Property Insurance 187

Property Insurance Insurer Insurance Insured 187

Property Insurance Coverage Law

MARCH 4, 2025

How many days do you have to move into a new home after purchase to keep your insurance coverage valid? AmGuard took the position that the new homeowner had no coverage because she was not living at the premises when she purchased the policy … The post When Does Property Insurance Coverage Start?

Property Insurance 100

Property Insurance Insurer Insurance Insured 100

Property Insurance Coverage Law

JANUARY 30, 2025

A recent federal court decision favoring Liberty Mutual Insurance Company in a pipe burst claim1 left me thinking about two lessons. First, this case strongly reminds policyholders to be aware of time limits in their insurance policies and take action as soon as they believe their claim is not being handled fairly.

Claim 205

Claim Policyholder Property Insurance Insurance Policy 205

Property Insurance Coverage Law

FEBRUARY 10, 2025

Thats the reality policyholders face when insurance companies delay or wrongfully deny claims, only to make a late payment after an appraisal and walk away without any real accountability. Last weeks decision in Mirelez v.

Policyholder 200

Policyholder Property Insurance Insurance Companies Insurer 200

Property Insurance Coverage Law

MARCH 26, 2025

Property insurance adjustersboth company-employed and independentserve as the backbone of the claims process, ensuring that policyholders receive the full benefits of their coverage as swiftly and fairly as possible.

Property Insurance 140

Property Insurance Policyholder Damage Claim 140

Property Insurance Coverage Law

FEBRUARY 10, 2025

Thats the reality policyholders face when insurance companies delay or wrongfully deny claims, only to make a late payment after an appraisal and walk away without any real accountability. Last weeks decision in Mirelez v.

Policyholder 186

Policyholder Property Insurance Insurance Companies Insurer 186

Property Insurance Coverage Law

MARCH 26, 2025

Property insurance adjustersboth company-employed and independentserve as the backbone of the claims process, ensuring that policyholders receive the full benefits of their coverage as swiftly and fairly as possible.

Property Insurance 140

Property Insurance Policyholder Damage Claim 140

Property Insurance Coverage Law

APRIL 6, 2025

When I was first starting in the property insurance claim field in the early 1980s, I can still recall my mentor, Paul Butler, excitedly talking about going to the PLRB conference. He spoke of the highly sophisticated level of insurance claims personnel and the presenters.

Property Insurance 100

Property Insurance Insurance Claim Claim Insurer 100

Property Insurance Coverage Law

APRIL 6, 2025

When I was first starting in the property insurance claim field in the early 1980s, I can still recall my mentor, Paul Butler, excitedly talking about going to the PLRB conference. He spoke of the highly sophisticated level of insurance claims personnel and the presenters.

Property Insurance 100

Property Insurance Insurance Claim Claim Insurer 100

Insurance Journal

MARCH 19, 2025

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

Insurance Carrier 263

Insurance Carrier Insurer Insurance Insured 263

Property Insurance Coverage Law

JANUARY 26, 2025

Is an Invasion Covered Under a Commercial Insurance Policy? appeared first on Property Insurance Coverage Law Blog. where I gave a short explanation of the day: Tampas Mayor refused to hand over the keys to the city on Tuesday to … The post Pirates Invade Tampa!

Commercial Insurance 202

Commercial Insurance Insurance Policy Commercial Policy 202

Property Insurance Coverage Law

APRIL 10, 2025

In 2023, the Florida Legislature made a catastrophic mistake that is now hurting thousands of Floridians.

Policyholder 214

Policyholder License Property Insurance Insurer 214

Property Insurance Coverage Law

APRIL 24, 2025

The recent filing of two sweeping antitrust lawsuits in California against a long list of most of the admitted California insurance companies has generated immediate attention within the insurance industry.

Insurance Industry 113

Insurance Industry Property Insurance Insurer Insurance 113

Property Insurance Coverage Law

JANUARY 27, 2025

The better the measuring devices are becoming, the better we understand how … The post The Science of Windstorm Losses Has EvolvedWhy the Leaders of Windstorm Losses Go to the Windstorm Insurance Conference appeared first on Property Insurance Coverage Law Blog.

Property Insurance 203

Property Insurance Insurer Insurance Insured 203

Property Insurance Coverage Law

FEBRUARY 7, 2025

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications? … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

Property Insurance 202

Property Insurance Insurer Insurance Insured 202

Insurance Journal

APRIL 15, 2025

Florida’s property insurance market is an example of the powerful impact that strong legislative reforms can have in addressing a crisis. Other states, like Georgia, have seen the benefits of Florida’s legal system abuse reforms and are following suit with …

Property Insurance 305

Property Insurance Insurer Insurance Insured 305

Property Insurance Coverage Law

APRIL 10, 2025

In 2023, the Florida Legislature made a catastrophic mistake that is now hurting thousands of Floridians.

Policyholder 203

Policyholder License Property Insurance Insurer 203

Insurance Journal

DECEMBER 12, 2024

New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s …

Property Insurance 246

Property Insurance Claim Casualty Insurance Insurer 246

Property Insurance Coverage Law

FEBRUARY 7, 2025

Steven Coombs is someone I would affectionally call a master insurance coverage nerd. … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications? … The post Insurance Adjusters and EstimatorsDo You Really Understand Construction Specifications?

Property Insurance 188

Property Insurance Insurer Insurance Insured 188

Property Insurance Coverage Law

APRIL 23, 2025

Public adjusters and all property insurance adjusters working in Florida need to take notice. A public adjuster recently asked me whether it was … The post Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License appeared first on Property Insurance Coverage Law Blog.

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License Property Insurance Risk Insurer 194